Bruine de Bruin, W orcid.org/0000-0002-1601-789X, Van der Klaauw, W, Van Rooij, M et al. (2 more authors) (2017) Measuring expectations of inflation: Effects of survey mode, wording, and opportunities to revise. Journal of Economic Psychology, 59. pp. 45-58. ISSN 0167-4870
Abstract
Several national surveys aim to elicit consumers’ inflation expectations. Median expectations tend to track objective inflation estimates over time, although responses display large dispersion. Medians also tend to differ between surveys, possibly reflecting survey design differences. Using a nationally representative Dutch sample, we evaluate the importance of three survey design features in explaining observed differences: mode (face-to-face vs. web), question wording (‘prices in general’ vs. ‘inflation’), and the explicit opportunity to revise responses. We examine effects on item non-responses, revisions, reported inflation expectations and their deviation from the CPI inflation rate. We discuss implications of our findings for survey design.
Metadata
Item Type: | Article |
---|---|
Authors/Creators: |
|
Copyright, Publisher and Additional Information: | © 2017 Published by Elsevier B.V. This is an author produced version of a paper published in Journal of Economic Psychology. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Consumer surveys; inflation expectations; mode effects; question wording |
Dates: |
|
Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Business (Leeds) > Management Division (LUBS) (Leeds) > Management Division Decision Research (LUBS) |
Depositing User: | Symplectic Publications |
Date Deposited: | 17 Jan 2017 09:09 |
Last Modified: | 04 Aug 2018 00:38 |
Published Version: | https://doi.org/10.1016/j.joep.2017.01.011 |
Status: | Published |
Publisher: | Elsevier |
Identification Number: | 10.1016/j.joep.2017.01.011 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:110574 |